Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    635 Innovation Dr Reno, NV 89511

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    28,000 square foot office space for rent in Reno.

    Property size:
    28,000 SF
    Lot size:
    22.20 Acres

    Property Features for 635 Innovation Dr

    General Information

    Size
    28,000 SF
    Lot size
    22.20 Acres

    We can help!

    Listing Contact
    Isabelle Watega
    Source: Moodyscre

    Listing Agent: Isabelle Watega

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Reno Office Space Available

    This property offers 28,000 square feet of office space and is located on Innovation Drive in Reno, Nevada.
    Location Intelligence

    Current Use by Public Records

    OB-GYN Associates Women'S Health Clinic Ob/Gyn Associates: Working ... Obstetrician-Gynecologist OB/GYN Associates: Thompson ... Obstetrician-Gynecologist Dr. Stacy E. ... Obstetrician-Gynecologist St. Pierre, Cynthia, ... Obstetrician-Gynecologist

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reno
    County
    Washoe
    State
    Nevada
    Longitude
    -119.7687353
    Latitude
    39.4637

    Nearby Similar for Lease

    • $65,340
      99,000 SF

      Reno Warehouse with Office Space

      99,000 SF warehouse with 10,530 SF office space available.
      1190 Trademark Dr, Reno, NV 89521
      View Details
    • $46,410
      59,500 SF

      Reno Warehouse Sublease Opportunity

      59,500 SF warehouse space available for sublease in Reno.
      12815 Old Virginia Rd, Reno, NV 89521
      View Details
    • $1,250 /Mo
      450 SF

      Reno Medical Condo For Lease

      Medical condo for lease, perfect for active lifestyle business.
      8975 Double Diamond Pkwy, Reno, NV 89521
      View Details
    • $365,904
      3,388 SF

      Retail Space in Reno, NV

      Commercial space available for lease in Reno, Nevada.
      6370 Mae Anne Ave, Reno, NV 89523
      View Details
    • $277,200
      2,800 SF

      Commercial Space in Reno, Nevada

      Retail space available for lease in Reno, Nevada.
      6370 Mae Anne Ave, Reno, NV 89523
      View Details
    • $7,599,000
      3,385 SF

      MidTown Reno Multi-Tenant Building

      Historic building in Reno's MidTown district with on-site parking.
      1401 S Virginia St, Reno, NV 89503
      View Details
    • Contact for pricing
      45,524 SF

      Premier Reno Shopping Center Space

      Community/regional shopping center with high visibility and drawing power.
      4811 Kietzke Ln, Reno, NV 89502
      View Details
    • Contact for pricing
      211,122 SF

      Furnished Office Building with Redundancy

      Two-story office building with flexible lease terms and ample parking.
      9295 Prototype Dr, Reno, NV 89521
      View Details
    • $21 SF/Yr
      10,120 SF

      Downtown Reno Office Condos

      Renovated office condos in downtown Reno with parking.
      245 E Liberty St, Reno, NV 89501
      View Details
    • $4 SF/Yr
      2,372 SF

      Class A Office Space Available

      Rare Class A office suite in Meadowood Submarket for lease.
      5520 Kietzke Ln, Reno, NV 89511
      View Details
    • $1,595 /Mo

      Silver Creek Condo Available Now

      Comfortable 2-bedroom, 2-bathroom condo with community amenities in Reno.
      6850 Sharlands Ave, Reno, NV 89523
      View Details
    • $2 SF/Yr
      5,827 SF

      Move-in Ready Office Space Available

      Recently remodeled office space with excellent access and visibility.
      10539 Professional Cir, Reno, NV 89521
      View Details

    FAQs

    What type of property is this?
    Office space - 28,000 square foot office space for rent in Reno.
    Where is this office space located?
    The property is located at 635 Innovation Dr Reno, NV.
    What are key features of this property?
    This property features: - 28,000 square foot office space
    (775) 850-3100
    Request Owner's contact information
    635 Innovation Dr Reno, NV 89511
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    635 Innovation Dr
    Reno, NV 89511
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    635 Innovation Dr Reno, NV 89511
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Isabelle Watega
    (775) 850-3100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.